Common use of Acknowledgments of the Subscriber Clause in Contracts

Acknowledgments of the Subscriber. The Subscriber acknowledges that: (a) There have been no representations, guarantees or warranties made to the Subscriber by the Company, any officers, directors or shareholders of the Company, their agents or employees or any other person, expressly or by implication, with respect to: (i) The length of time that the Subscriber will be required to remain as owner of the Securities; (ii) The percentage of profit or amount of or type of consideration, profit or loss (including tax write-offs or tax benefits) to be realized, if any, as a result of this investment; and (iii) The possibility that the past performance or experience on the part of the Company or any of its affiliates or employees might in any way indicate the predictable results of the ownership of the Securities or the relative success of the Company; (b) This investment is speculative and involves a high degree of risk; (c) The Subscriber has had full and complete access to all financial and business information relating to the Company; and (d) The offer and issuance of the Securities to the Subscriber have not been accomplished by any form of general solicitation or general advertising, including, but not limited to, (i) any advertisement, article, notice or other communication published in any newspaper, magazine or similar media, or broadcast over television or radio, and (ii) any seminar or meeting whose attendees have been invited by any general solicitation or general advertising.